Incentives Flashcards
Intrinsic motivation
Arise from the individual
Altruism, Gain knowledge etc
Extrinsic motivations
Imposed externally
Financial, social recognition, punishment
Financial rewards Edward Deci
Financial rewards decrease intrinsic motivation
Positive verbal feedback increases intrinsic motivation
Financial Incentives Gneezy and Rustichini
IQ test questions and charity collections
Pay enough or don’t pay at all
Financial Incentives Mason & Watts
Classifying images
Higher pay increases output
Higher pay doesn’t increase qualityAnchoring effect: workers always feel undercompensated
Financial Incentives Word Puzzle
No pay, piece rate, quota
Payment increases output but level of payment does not
Quality and effective cost affected by payment type
Social Mobilisation - Innovative Recursive Incentive Scheme
Finder gets half
Other half is propogated up referral tree
Completely scalable, budget never will be exceeded
No incentive to ignore referral and create your own ID
Can be subject to false names
Output Agreement
ESP game
Players given same input
Players produce outputs until there is a match
Input Agreement
Used for music as output agreement didn’t work
Players determine if they have the same input
Gamification
Adding game elements to a non game context Points Badges Leaderboards Progression/Progress bars Assists in motivating users
Non-monetary referral incentives
Used in charities to avoid advertising overheads
Having a solid amount per referral better than recursive referral